Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm […] Read more
Monsanto, rivals eye next step after Syngenta deal collapse
Monsanto sweetens offer for Syngenta
New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds […] Read more
U.S. grains: Futures slump on weather, China gloom
Chicago | Reuters –– U.S. grain and soybean futures fell on Friday as investor jitters about China’s economy continued to cool confidence in commodity markets and early data from a recent industry crop tour showed strong yield potential in the western Corn Belt. Corn made a modest weekly gain after falling two per cent last […] Read more
USDA moves to build vaccine stockpile for bird flu return
Chicago | Reuters — The U.S. Department of Agriculture said Tuesday it has put out a request for proposals to help the nation’s veterinarians have access to bird flu vaccines for poultry this fall, in preparation for the potential return of the fast-spreading avian influenza virus. The agency’s Animal and Plant Health Inspection Service (APHIS) […] Read more
U.S. livestock: Hog supplies, post-holiday slump cool CME futures
Chicago | Reuters — U.S. livestock futures remained mostly sluggish on Monday at the Chicago Mercantile Exchange as traders wrestled with strengthening grain prices, tight supplies of market-ready cattle, and visions of a glut of hogs straining U.S. slaughterhouse capacity in the coming months. Livestock futures trading was relatively light on an historic day at […] Read more
U.S. bird flu causes egg shortage, emergency measures
Chicago/New York | Reuters — As a virulent avian influenza outbreak continues to spread across the Midwestern U.S., some egg-dependent companies are contemplating drastic steps — importing eggs from overseas or looking to egg alternatives. A spokeswoman for Archer Daniels Midland said that as egg supplies tighten and prices rise, the food processing and commodities […] Read more
Wal-Mart urges meat suppliers to curb antibiotic use
Chicago | Reuters — Wal-Mart Stores is pressing meat, seafood, dairy and egg suppliers to reduce the use of antibiotics, becoming the first large retailer to take a stand against the excessive use of drugs in raising farm animals. The guidelines announced on Friday would limit suppliers to using antibiotics to treat and prevent disease, […] Read more
Bird flu outbreak hits Nebraska
Reuters — The fast-spreading avian flu virus was confirmed for the first time in Nebraska, at a commercial egg-laying farm that housed a flock of 1.7 million chickens, the U.S. Department of Agriculture said on Tuesday. The case in Dixon County, Nebraska, brings the number of states affected by the outbreak to 16, and the […] Read more
H5N8 avian flu found in Indiana
Reuters — A strain of avian flu that until now had been found only in the western U.S. has cropped up in Indiana, bringing the total number of states affected by the virulent outbreak to 15, the U.S. Department of Agriculture said Monday. The eastward spread of any strain of the highly contagious H5 virus […] Read more
Tyson to end use of human antibiotics in U.S. chickens by 2017
Chicago | Reuters –– Tyson Foods, the largest U.S. poultry producer, plans to eliminate use of human antibiotics in its chicken flocks by September 2017, one of the most aggressive timetables yet set by an American poultry company. The Arkansas-based chicken and meat company also said Tuesday it is working on ways to curtail such […] Read more
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